Analyst Moves: AMD, CHK, MDT

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This morning, Goldman Sachs downgraded shares of Advanced Micro Devices (AMD) from neutral to sell as the stock price has become overbought. In the report, Goldman Sachs set a price target on $2.50 per share. Shares of AMD were lower by more than 14% today.

JP Morgan downgraded shares of Chesapeake Energy (CHK) from overweight to neutral citing lack of near-term catalysts to move the stock higher. Shares of CHK were lower on the news, falling 2.3%.

And Credit Suisse downgraded shares of Medtronic (MDT) from outperform to neutral citing valuation. In the report, Credit Suisse set a $53 price target. Shares of Medtronic were lower on Thursday, falling 0.6%.